William Blair Analysts Increase Earnings Estimates for Korn Ferry (NYSE:KFY)

Korn Ferry (NYSE:KFY) – Equities research analysts at William Blair raised their FY2020 earnings estimates for shares of Korn Ferry in a research report issued on Monday, December 9th. William Blair analyst T. Mulrooney now forecasts that the business services provider will earn $3.13 per share for the year, up from their prior forecast of $3.11. William Blair also issued estimates for Korn Ferry’s Q1 2021 earnings at $0.88 EPS, Q2 2021 earnings at $1.00 EPS, Q3 2021 earnings at $0.95 EPS, Q4 2021 earnings at $1.02 EPS and FY2021 earnings at $3.85 EPS.

Korn Ferry (NYSE:KFY) last issued its earnings results on Thursday, December 5th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. Korn Ferry had a return on equity of 14.73% and a net margin of 9.10%. The business had revenue of $492.40 million during the quarter, compared to the consensus estimate of $494.92 million. During the same period last year, the company earned $0.85 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis.

Other analysts also recently issued reports about the company. Sidoti cut their target price on Korn Ferry from $63.00 to $58.00 and set a “buy” rating for the company in a research note on Friday, December 6th. Robert W. Baird cut their target price on Korn Ferry from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, December 6th. ValuEngine raised Korn Ferry from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Credit Suisse Group cut their target price on Korn Ferry from $40.00 to $37.00 and set an “underperform” rating for the company in a research note on Friday, September 6th. Finally, Zacks Investment Research downgraded Korn Ferry from a “hold” rating to a “sell” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.25.

Shares of KFY opened at $41.25 on Wednesday. Korn Ferry has a 52-week low of $34.35 and a 52-week high of $49.54. The company has a market capitalization of $2.21 billion, a PE ratio of 12.46 and a beta of 1.10. The stock has a fifty day simple moving average of $38.52 and a two-hundred day simple moving average of $39.29. The company has a quick ratio of 2.37, a current ratio of 2.33 and a debt-to-equity ratio of 0.38.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Thursday, December 19th. Korn Ferry’s payout ratio is 12.08%.

Several large investors have recently modified their holdings of KFY. Meeder Asset Management Inc. acquired a new stake in shares of Korn Ferry during the 3rd quarter worth about $68,000. SG Americas Securities LLC acquired a new stake in shares of Korn Ferry during the 3rd quarter worth about $137,000. Tower Research Capital LLC TRC increased its position in shares of Korn Ferry by 421.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,060 shares of the business services provider’s stock worth $203,000 after purchasing an additional 4,089 shares during the last quarter. Integre Asset Management LLC increased its position in shares of Korn Ferry by 40.3% during the 2nd quarter. Integre Asset Management LLC now owns 7,250 shares of the business services provider’s stock worth $291,000 after purchasing an additional 2,083 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Korn Ferry during the 2nd quarter worth about $304,000. 90.19% of the stock is owned by hedge funds and other institutional investors.

About Korn Ferry

Korn Ferry, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit market sectors.

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Earnings History and Estimates for Korn Ferry (NYSE:KFY)

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